The OPEC oil embargo was an incident during which the 12 OPEC countries stopped exporting oil to the United States. The embargo sent the price of gas through the roof. Prices more than quadrupled from 1973-1974.
<u>Explanation</u>:
- OPEC was founded by Iran, Iraq, Saudi Arabia, Venezuela and Kuwait in 1960 with the main objective of raising oil prices. OPEC had little effect on oil prices but a rise in demand and a fall in U.S. oil production.
- Extracting oil and natural gas has decreased the quantity of the oil that the U.S. has to import, and added employment, investment, and development to the economy.
- The embargo played a role in stagflation. Oil discovery and refining is again a significant US industry.
Napoleon first came to a position of great power through his participation in the coup d'etat of 19 Brumaire. he then solidified and extended his power through the use of plebiscites. Before 1799, Napoleon was the major military leader of France, but hr did not have a huge amount of political power.
A. American-Soviet competition for military dominance
guptas made advances in the sciences. gupta philosophers proposed that the earth was not flat, but was instead round and rotated on an axis
Besides the progress of vital medical subjects such as burns treatment, also aim at the development of individual cultures, friendly relations and cooperation for the solution of common problems, as well as reviving and promoting the spirit of Mediterranean civilization, for the benefit of all mankind
